CBI registers case against 10 for Telangana Grameena Bank fraud

HYDERABAD: Central Bureau of Investigation registered a case against 10 persons, including the current and the then branch managers and other employees of the Telangana Grameena Bank, for defrauding deposits of `8.94 crore by tampering the Term Deposit Receipt (TDR) values. Following a complaint from the Regional Manager of the bank, M Ravinder Reddy, that the former office assistant (cashier-cum-clerk) at Aziznagar branch in Moinabad mandal, M



Jaipal Reddy, cheated the bank and the customers to the tune of `89.48 crore in conspiracy with bank managers and private employees, a case has been registered.

Ravinder in his complaint alleged: “Jaipal resorted to various methods like tampering of original face value of the TDRs in the system by omitting ‘0’ and inflated the face value of TDRs and issuing TDRs without entering them in the records.”